“These are totally irrelevant rumors coming out of social media. The bank’s position is more than solid,” Swedbank spokesman Thomas Backteman said. “The rumors are not only about us, but about Swedish banks.”
Queues formed in Latvian capital Riga at some machines to withdraw money. Latvian media said queues were longer in other regions. The rumors began on the social networking service Twitter, prompting some panicky withdrawals of funds.
Latvia’s financial services authority said the rumors were unfounded.